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(Studio: Tom Brokaw) Report introduced.
(White House: John Cochran) Written statement from President Bush that budget problems require "tax revenue increases" featured. [Senators George MITCHELL, Representative Thomas FOLEY - comment on Bush statement on taxes.] Statement from White House spokesman Marlin Fitzwater about tax increases in Bush's previous budgets quoted. Reaction of Republican Congressmen reported. [Representative Dan BURTON - comments.] Bush's campaign promises recalled. [In October 1987, BUSH - says he will not raise taxes, period.] [In August 1988, BUSH - says "read my lips, no new taxes."] [In March 1990, BUSH - says he will not change his position.] [Today, BUSH - says this bipartisan statement will help us get deficit down.] Position of White House Chief of Staff John Sununu noted.
(Studio: Tom Brokaw) Findings in NBC News/"Wall Street Journal" poll on prospect of a tax hike outlined on screen. [In interview, MITCHELL - says Bush concluded unambiguously that tax increases are necessary to deal with the deficits; adds that negotiations between Congress and administration will deal with where taxes will come from.]
- Brokaw, Tom;
- Cochran, John
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